Jim Cramer: Energy Transfer Has 'Done A Very Good Job,' Recommends Selling This Tech Stock
Portfolio Pulse from Avi Kapoor
Jim Cramer on CNBC's 'Mad Money Lightning Round' recommended buying Energy Transfer LP (ET) and selling SoundHound AI, Inc. (SOUN). He also suggested holding Obsidian Energy Ltd. (OBE) but preferred Coterra (CTRA). Cramer advised holding GE Vernova Inc. (GEV) and taking profits in The AES Corporation (AES) and ZIM Integrated Shipping Services Ltd. (ZIM). He mentioned Super Micro Computer, Inc. (SMCI) but recommended Nvidia (NVDA) instead. Leonardo DRS, Inc. (DRS) was also positively mentioned.
June 05, 2024 | 1:34 pm
News sentiment analysis
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NEGATIVE IMPACT
Jim Cramer advised taking profits in The AES Corporation despite better-than-expected quarterly earnings.
Cramer's recommendation to take profits may lead to selling pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Jim Cramer recommended selling SoundHound AI, Inc. despite their better-than-expected first-quarter financial results.
Cramer's sell recommendation is likely to negatively impact the stock price in the short term, despite recent positive earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Jim Cramer recommended taking profits in ZIM Integrated Shipping Services Ltd. despite a sales increase.
Cramer's advice to take profits may result in selling pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Jim Cramer suggested holding Obsidian Energy Ltd. but preferred Coterra.
Cramer's neutral stance on OBE, with a preference for CTRA, may lead to limited impact on OBE's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Jim Cramer mentioned Super Micro Computer, Inc. but recommended Nvidia instead.
Cramer's preference for NVDA over SMCI may limit the impact on SMCI's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jim Cramer recommended Coterra over Obsidian Energy Ltd.
Cramer's preference for CTRA over OBE may attract investors to CTRA, potentially driving its stock price up.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jim Cramer positively mentioned Leonardo DRS, Inc., calling it 'real good'.
Cramer's positive mention and recent strong earnings are likely to support the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Jim Cramer recommended buying Energy Transfer LP, highlighting their strong performance and recent acquisition of WTG Midstream for $3.25 billion.
Cramer's positive recommendation and the significant acquisition are likely to boost investor confidence and drive the stock price up.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Jim Cramer recommended holding GE Vernova Inc., noting it as a 'really good situation'.
Cramer's positive outlook and recent analyst rating increase are likely to support the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Jim Cramer recommended Nvidia over Super Micro Computer, Inc.
Cramer's preference for NVDA may attract investors, potentially driving its stock price up.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80